Yes, but most of the fat is trimmed by the HFT hedge funds, even long term now, the last vestige of growing wealth. It is a very good thing that there is buyin

Yes, but most of the fat is trimmed by the HFT hedge funds, even long term now, the last vestige of growing wealth. It is a very good thing that there is buying on the dip as a natural force of the market. The good news market is almost totally owned by HFT and already pre-baked. But the speed of the algos trims much of what would go to smaller investors that really are needed just like consumers. More volume and movement is always good but being so efficient it takes most of the gains from the support structure of the market harms confidence. Lots of the gaming happens pre-market and post-market where small investors can't always play and where the HFTs own by scraping 80-90% off the top, over time the delta is big. HFT does have benefits being so efficient though, may even help prevent bubbles because it can trade without emotion.